Affordability

Americans Departing High-Priced Housing Markets for More Affordable Alternatives (Infographic)

Americans Departing High-Priced Housing Markets for More Affordable Alternatives (Infographic)

Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties (68 percent) analyzed in the most recent home affordability report from ATTOM Data Solutions, and on average across those 446 counties an average wage earner would need to spend 37.2 percent of his or her wages… Read More »

The Promise and Pitfalls of ADUs as Affordable Housing Panacea

The Promise and Pitfalls of ADUs as Affordable Housing Panacea

The following is an excerpt from an article that originally appeared in the March 2018 Housing News Report newsletter published by ATTOM Data Solutions. For a free subscription to the award-winning Housing News Report, contact christine.stricker@attomdata.com. A paucity of affordable housing that threatens to inflame a burgeoning homelessness crisis and trigger an exodus of well-paying jobs is… Read More »

Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets

Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets

73 Percent of Markets Less Affordable Than a Year Ago; Eight of 10 Highest-Priced Counties Post Negative Net Migration in 2017 IRVINE, Calif. – March 29, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Home Affordability Report, which shows that median home prices in Q1… Read More »

Buying a Home More Affordable Than Renting in 54 Percent of U.S. Markets

Buying a Home More Affordable Than Renting in 54 Percent of U.S. Markets

But 64 Percent of Population Live in Markets More Affordable to Rent Than Buy; Least Affordable Rental Markets Led by Counties in Northern California, DC, Brooklyn; Most Affordable Rental Markets in Alabama, Illinois, Ohio, Tennessee IRVINE, Calif. – Jan. 11, 2018 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released… Read More »

Home Affordability Improves in 60 Percent of U.S. Markets in Q3 2017 Compared to Previous Quarter

Home Affordability Improves in 60 Percent of U.S. Markets in Q3 2017 Compared to Previous Quarter

Affordability Still Worsens From a Year Ago in 79 Percent of Local Markets; Wage Growth Outpaces Home Price Growth in 48 Percent of Markets Over Past Year; U.S. Home Prices Up 73 Percent, Wages Up 13 Percent Since Q1 2012 IRVINE, Calif. – Oct. 5, 2017 — ATTOM Data Solutions, curator of the nation’s largest… Read More »

Shared Equity: Starter Homes for the Next Generation

Shared Equity: Starter Homes for the Next Generation

The following is an excerpt from an article that first appeared in the August 2017 Housing News Report, an award-winning monthly newsletter published by ATTOM Data Solutions. It might seem like a strange idea but buried in an old piece of legislation designed to help coal miners is a magical key which can potentially open the… Read More »

Colorado Springs the Top Market for Homebuyers Likely to Move in Q3 2017 According to ATTOM Data Solutions Pre-Mover Index

Colorado Springs the Top Market for Homebuyers Likely to Move in Q3 2017 According to ATTOM Data Solutions Pre-Mover Index

Other Hot Pre-Mover Markets Include Chicago, DC, Reno, Tampa, Jacksonville, Charleston; Top Investor Pre-Mover Markets Include Counties in Memphis, Kansas City, Birmingham IRVINE, Calif. – Aug. 24, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 Pre-Mover Housing Index, which shows that the markets with the… Read More »

2017 Neighborhood Housing Index Heat Map

2017 Neighborhood Housing Index Heat Map

More than 5,000 neighborhoods nationwide are rated based on seven factors impacting quality of life and local housing market strength — school, crime, affordability, home price appreciation, property taxes, environmental hazards and unemployment — in this new 2017 Neighborhood Housing Market Index created by ATTOM Data Solutions. Although not included in the neighborhood-ranking index, this… Read More »

Making America Unaffordable Again

Since bottoming out in the first quarter of 2012, U.S. median home prices have risen 69 percent while average weekly wages have risen just 9 percent during the same time period, pushing more and more local housing markets into a home affordability crunch — and not just those expensive politically “blue” markets on the coasts…. Read More »